The health bill, talked about to death but I still don't understand...

Forgive my ignorance but I have no knowledge of politics and most government terminology. I realize this is probably a bad thing but never had much interest in getting to involved with it. I keep hearing about this health bill and some people are doing back flips with excitement and others…well sound like they want to kill obama. I tried looking up some information on Fluther and on the internet about this but to be honest some of the fancy words and lingo are making it really hard for me to understand this. What is the good and bad about this in simple terms? My take on it is that EVERYONE will be required to have health care and if you don’t you will be fined. Problem is that if you don’t have much money and can’t afford the health care you will be hit pretty hard by these fines(or taxes?)

Now that is really all I got out of it but something tells me I am wrong or don’t know the full story. Could anyone break this down for me as if you were telling a 5th grader lol. Kind of embarrassing to say but It sounds like this is a pretty important thing happening right now and I think I should at least try and understand what is going on.